China-Singapore Jingwei Client, June 10 (Xiong Siyi) According to incomplete statistics, as of now, the 12 provinces of Hebei, Inner Mongolia, Liaoning, Shanghai, Tianjin, Jiangsu, Anhui, Henan, Shaanxi, Gansu, Ningxia, and Xinjiang have announced the year of 2021. Basic pension adjustment plan for retirees.

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Basic pension "17 consecutive rises"

  In April 2021, the Ministry of Human Resources and Social Security and the Ministry of Finance issued a notice clarifying that starting from January 1, 2021, enterprises, government agencies and institutions that have completed retirement procedures as required by the end of 2020 and received basic pensions on a monthly basis will retire. Staff raise the basic pension level, and the overall adjustment level will be 4.5% of the monthly per capita basic pension for retirees in 2020.

  This means that China's basic pension has achieved "17 consecutive increases."

The notice also pointed out that this adjustment will continue to

adopt a combination of quota adjustment, linkage adjustment and appropriate tilt.

Shanghai quota increased by 70 yuan/person·month

  The above-mentioned notice pointed out that the quota adjustment reflects social justice, and the adjustment standards for all types of retirees in the same area are basically the same; the linkage adjustment reflects the incentive mechanism of "paying more, earning more" and "paying more for long", so that people who pay more and pay more when they are working Get more pensions; proper tilt reflects key care, mainly for elderly retirees and retirees in difficult and remote areas and other groups.

  Among the 12 provinces that have announced the pension adjustment plan for 2021, Shanghai has the most fixed quota adjustment, reaching 70 yuan/person·month.

Ningxia and Xinjiang are slightly lower, and the quota adjustment increases by 60 yuan/person·month; Tianjin, Inner Mongolia, Shaanxi, and Liaoning are respectively 58, 56, 56, and 54 yuan/person·month; Gansu, Henan, and Hebei follow closely, followed by 50, 50, 49 yuan/person·month; Anhui and Jiangsu at the end, respectively, 35, 31 yuan/person·month.

11 provinces implement "dual linkage" adjustments

  In terms of linkage adjustment, except for Shanghai, 11 provinces including Ningxia have adopted the adjustment policy of "double linkage" with the individual's payment period and pension level.

Shanghai is only linked to the level of personal pensions. It is clearly based on the basic pension received on a monthly basis in December 2020, with a monthly increase of 3%.

  In addition, among the 11 provinces that have announced adjustment plans, Xinjiang, Inner Mongolia, Jiangsu, and Hebei are the top four provinces in terms of pension level adjustments, which are based on the basic pension received on a monthly basis in December 2020, with a monthly increase of 1.5 %, 1.4%, 1.2%, 1.02%; Tianjin, Shaanxi, Ningxia, and Anhui are slightly lower, each with a monthly increase of 1%; Henan, Gansu, and Liaoning are less than 1%, followed by 0.88%, 0.75%, 0.6 %.

  Regarding the adjustment plan based on the payment period, the 11 provinces mentioned above are quite different.

Among them, Liaoning, Jiangsu, Shaanxi and other provinces have adopted a "stepped" linkage adjustment plan.

Taking Liaoning as an example, the province made it clear that the basic pension per person will be increased by 1 yuan per month for every year that retirees meet the national and provincial payment years.

For the part of the payment period exceeding 15 years, the basic pension will be increased by 1 yuan per person per month for each full year.

Prefer retirees from elderly, hard-to-reach remote areas

  On the basis of quota adjustment and linkage adjustment, the 12 provinces also announced adjustment plans for taking care of elderly retirees and retirees in difficult and remote areas.

For example, Shanghai has made it clear that by the end of 2020, women who reach the age of 60 and men who have reached the age of 65 will receive an increase of 20 yuan per person per month; Liaoning has made it clear that it complies with the "Notice on Printing and Distributing the Implementation Plan for the Improvement of the Subsidy System for Hard and Remote Areas" ( The Ministry of Human Resources (2006) No. 61) for retirees in difficult and remote areas within the scope of the regulations, an additional 5 yuan per person per month; Jiangsu has made it clear that retired military cadres from enterprises with low basic pensions will be adjusted according to the state in 2021. The uniform deployment of basic pensions for personnel will continue to be implemented in accordance with relevant national and provincial regulations, and the required funds will be disbursed through the original channels.

  Data map: RMB.

Photo by Xiong Siyi, Sino-Singapore Jingwei

Why are the adjustment standards different for each province?

  The Ningxia Department of Human Resources and Social Security recently replied that pensions for retirees will be adjusted according to a certain percentage of the national per capita pension level in the previous year. Each province uses the national adjustment ratio as the upper limit to determine the province's adjustment ratio and adjustment level.

  In actual operation, each province uses the average pension for employees of the previous year as the level base, and determines the adjustment ratio and level of the province in accordance with the unified national policy.

There are large differences in price levels, employee wage growth rates, and contribution levels

among different provinces

,

so there are objective differences in the absolute amount of pension adjustments between different provinces.

  When it comes to adjusting the absolute amount, in the case of the same ratio, provinces with a higher per capita pension level have a relatively higher absolute amount of adjustment per capita.

It not only embodies the incentive and restraint mechanism of the basic old-age insurance system, but also embodies the positioning of the basic old-age pension to guarantee basic life.

When will the increased pension be paid in place?

  The 12 provinces have only recently announced the adjustment plan for the basic pension for retirees, but they have all made it clear that they will be implemented from January 2021, so it is necessary to reissue the increased pension to retirees.

  Shanghai has made it clear that the increase in pensions for corporate occupational insurance retirees and urban and rural residents insurance will be issued to the pension recipients' accounts through relevant banks and post offices on May 18.

The increased pension for retirees of government agencies and institutions will be paid on June 20.

  Tianjin indicated that the pensions increased this time will be paid from June, and the pensions adjusted and increased from January to May this year will be reissued with the pensions in June.

  Hebei and Henan require to ensure that the adjusted and increased basic pension payments are put in place by the end of June 2021; Liaoning, Anhui, Gansu, Ningxia, and Xinjiang require that the increased basic pensions be paid to retirees before July 1, 2021 Hands.

(Zhongxin Jingwei APP)

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